📅 Original date posted:2014-05-03 📝 Original message:Think ...

2023-06-07T15:20:48Z

In reply to nevent1q…mfc5
_________________________

📅 Original date posted:2014-05-03
📝 Original message:Think your example is not quite valid ...

People say or write $88M or $45k I.e. use SI prefix as a suffix, else it would be more, not less, clear on what amount is being referred to.

For me, "bits" are easy to say and one million as a factor is simple to understand.

M-bits, kilobits, millibits, etc are never going to be used by folk in everyday transactions, IMHO

Gavin

> On 3/05/2014, at 10:40 am, "Luke Dashjr" <luke at dashjr.org> wrote:
>
>> On Saturday, May 03, 2014 12:54:37 AM Ben Davenport wrote:
>> My only addition is that I think we should all stop trying to attach SI
>> prefixes to the currency unit. Name me another world currency that uses SI
>> prefixes. No one quotes amounts as 63 k$ or 3 M$. The accepted standard at
>> least in the US is <currency-symbol><amount><modifier>, i.e. $63k or $3M.
>> That may not be accepted form everywhere, but in any case it's an informal
>> format, not a formal one. The important point is there should be one base
>> unit that is not modified with SI prefixes. And I think the arguments are
>> strong for that unit being = 100 satoshi.
>
> Huh? Your examples demonstrate the *opposite* of your point. 'k' and 'M' *are*
> the SI prefixes. People *do* use 63k USD, $63k, and $3M. I'll be the first one
> to admit SI is terrible, but I don't understand your argument here.
>
> Luke
>
> P.S. Note that SI units haven't actually ever been adopted, except by force of
> law. "Name me ... that uses SI" is a silly thing to say, since virtually all
> naturally-or-freely-adopted units of any measure have been based on a number
> that factor to twos and threes (not fives, like decimal).
>
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📅 Original date posted:2014-03-13 📝 Original message:Second ...

2023-06-07T15:15:41Z

In reply to nevent1q…lp0m
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📅 Original date posted:2014-03-13
📝 Original message:Second this comment.

A change like this so soon after mt gox debacle would be one more sign of bitcoins 'instability' for skeptics and average folk who read only headlines.

In general, it seems some people are looking to try and change the publics mental price of BTC which is more of a non-technical challenge.

Gavin

> On 14/03/2014, at 12:21 am, "Troy Benjegerdes" <hozer at hozed.org> wrote:
>
> <cynic hat: on>
>
> Every volatility bump messes up expectations of what a bitcoin is worth,
> so why are we bikeshedding uBTC vs mBTC? Just be done with it and do mBTC
> now, and plan uBTC for just after the next price spike to $10KUSD or whatever,
> and then plan on rolling back to mBTC when the price crashes from altcoin
> money supply inflation competition.
>
>
>> On Thu, Mar 13, 2014 at 09:45:54AM -0400, Jeff Garzik wrote:
>> <vendor hat: on>
>>
>> Based on this seeming consensus, BitPay was headed towards uBTC
>> internally, and hoped to coordinate messaging and rollout with others
>> in the community. Ah well, proceed apace, and Bitcoin Wallet will
>> catch up, I suppose.
>>
>> Multiple unit changes negatively impact users, but we are already there :/
>>
>>
>>> On Thu, Mar 13, 2014 at 9:34 AM, Wladimir <laanwj at gmail.com> wrote:
>>>
>>>> On Thu, Mar 13, 2014 at 1:56 PM, Jeff Garzik <jgarzik at bitpay.com> wrote:
>>>>
>>>> Resurrecting this topic. Bitcoin Wallet moved to mBTC several weeks
>>>> ago, which was disappointing -- it sounded like the consensus was
>>>> uBTC, and moving to uBTC later --which will happen-- may result in
>>>> additional user confusion, thanks to yet another decimal place
>>>> transition.
>>>
>>>
>>> I've kind of given up getting any consensus about this, or even getting
>>> people to care.
>>>
>>> Everyone agrees that a decimal shift would be good, but it's the same boring
>>> shed painting discussion every time on how many decimals. In the end nothing
>>> happens.
>>>
>>> I can't really blame Andreas for finally taking action and making the change
>>> to mBTC. People in the community are familiar with mBTC because some
>>> exchanges and price sites used mBTC (at least for a while when >$1000), also
>>> mBTC seems to be catching on on reddit etc.
>>>
>>> Moving to muBTC (which in itself would be better because it is the final
>>> unit change ever needed without hardfork) would require more coordinated
>>> education effort.
>>>
>>> Wladimir
>>
>>
>>
>> --
>> Jeff Garzik
>> Bitcoin core developer and open source evangelist
>> BitPay, Inc. https://bitpay.com/
>>
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> --
> ----------------------------------------------------------------------------
> Troy Benjegerdes 'da hozer' hozer at hozed.org
> 7 elements earth::water::air::fire::mind::spirit::soul grid.coop
>
> Never pick a fight with someone who buys ink by the barrel,
> nor try buy a hacker who makes money by the megahash
>
>
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📅 Original date posted:2014-05-03 📝 Original message:Think ...

📅 Original date posted:2014-03-13 📝 Original message:Second ...